Assume that the price of capital equipment, which can be used as a substitute for labor, decreases, and the substitution effect exceeds the output effect. which of the following effects would the declining price of capital have in a perfectly competitive labor market? 1. the demand for labor would decrease. ii. the industry wage would decrease. iii. the cost of production would increase. iv. the price of the product would increase?

A: The demand for labor would decrease.

B: The industry wage would decrease.

Explanation:

The following effects the declining price of capital will have in a perfectly competitive labor market:

A: The demand for labor would decrease.

B: The industry wage would decrease.

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gill russ

intimacy, passion and commitment are the components of a interpersonal relationship emphasized in the triangular theory of love by robert sternberg.

the triangular theory of love says love can be comprehend as this componest form the vertices of a triangle.  

intimacy relates to feelings such as of closeness and connection;

passion relates the drives that brings people together, as physical attraction.

commitment relates to the being in a long-term relationship.